Adani Group to Build $3 Billion Port Project in India's West Bengal State

Indian multinational conglomerate the Adani Group will start development on a $3 billion port project in India's West Bengal state, Bloomberg reported Sept. 21. Per a statement from the state government, Adani Ports & Special Economic Zone, led by Gautam Adani, the world's second-richest man, was selected to develop the Tajpur port. Adani Ports already has a 30% domestic market share of the private port industry and has secured global projects including in Israel and Sri Lanka, Bloomberg said. The local government expects the project to add 25,000 direct jobs and over 100,000 indirect jobs.